Krugman's 1992(!) inequality piece is remarkably, prescient, remarkably contemporary. @NYTimeskrugman http://prospect.org/article/rich-right-and-facts-deconstructing-income-distribution-debate …
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Replying to @pmarca
@pmarca @_TechBanker@michael_nielsen the insurance / status / relative rank value of marginal dollar outpaces svcs. http://www.interfluidity.com/v2/3487.html1 reply 0 retweets 3 likes -
Replying to @interfluidity
@interfluidity@pmarca Key question: is "wealth as insurance" an arms race where de-escalation would be the mutually beneficial outcome?1 reply 0 retweets 0 likes -
Replying to @paulbaumgart
@interfluidity@pmarca If so, then forcing redistribution creates wealth. If not, we have to hope that advancing technology will save us. :)6 replies 0 retweets 0 likes -
Replying to @paulbaumgart
@paulbaumgart@pmarca in reality by criterion of Pareto optimality.1 reply 0 retweets 1 like -
Replying to @interfluidity
@interfluidity@pmarca Interesting. So the main philosophical disagreement is inductive vs. deductive determination of the SWF, huh?2 replies 0 retweets 0 likes -
Replying to @paulbaumgart
@paulbaumgart …that whatever emerges is optimal. not my view, though, nor@pmarca’s i think. we seem to share conventional views of soc good2 replies 0 retweets 0 likes
@interfluidity @pmarca And because it's so hard to take out confounders, an inductive approach leads to a very cautious approach to policy.
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